(RTTNews) -  Tuesday, science and technology company EI DuPont de Nemours & Co. (DD: News ), reaffirmed its earlier issued earnings guidance for the full year 2009.

Wilmington, Delaware-based DuPont reaffirmed its full year 2009 GAAP earnings outlook of $1.80 to $1.90 per share. Excluding significant items estimated at $0.15 per share, the company expects non-GAAP earnings to be in the range of $1.95 to $2.05 per share.

At Citi's 20th annual chemical conference, DuPont's Chief Financial Officer Nick Fanandakis said that the company's strong presence in rapidly growing emerging markets positions it for sustainable growth, including delivering 20% compound annual earnings growth for the 2009-2012 period.

"Our science, our investments dollars and our employees are focused on increasing food production, discovering solutions to decrease dependency on fossil fuels and protecting lives," noted Fanandakis.

On November 3, the company's Investor Day, the company had reaffirmed its full year earnings per share view and issued its earnings guidance for the full year 2010. DuPont had said that for full year 2010, the company expects earnings to be in the range of $2.10 to $2.40 per share.

The company had said that it aims to restore pre-tax operating margins to low double digits by 2012, delivering $300 million in fixed and variable cost productivity.
In its investors meet brief, the company had said that the company expects Agriculture & Nutrition business segment to generate more than $2 billion in top-line growth through 2012.

While, DuPont expects Electronics & Communications segment to improve its margins and deliver top-line growth, safety & production segment is expected to generate 12-16% annual revenue growth.

Further, the company had said that performance materials segment would focus on earnings growth and cash generation. DuPont on the Investor day had said that the company expects its performance chemicals segment to deliver top-quartile performance among peers.

In Citi's conference, Fanandakis said that the company's productivity efforts are on track to deliver $1 billion in cost production programs in 2009, including $750 million which will remain out permanently and another $1 billion over the next three years, with $400 million expected to be achieved in 2010.

DD is currently trading at $35.18, up $0.60 or 1.74% on a volume of 3.11 million shares on NYSE.

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by RTT Staff Writer

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